Morpheme glossing is a critical task in automated language documentation and can benefit other downstream applications greatly. While state-of-the-art glossing systems perform very well for languages with large amounts of existing data, it is more difficult to create useful models for low-resource languages. In this paper, we propose the use of a taxonomic loss function that exploits morphological information to make morphological glossing more performant when data is scarce. We find that while the use of this loss function does not outperform a standard loss function with regards to single-label prediction accuracy, it produces better predictions when considering the top-n predicted labels. We suggest this property makes the taxonomic loss function useful in a human-in-the-loop annotation setting.